Judge Finds No Jurisdiction To Confirm $70M Award Against Russian Oil Company

Mealey's (March 23, 2020, 9:20 AM EDT) -- HOUSTON — A federal judge in Texas on March 12 granted a Russian oil company’s motion to dismiss a petition to confirm a $70 million arbitral award against it for the liquidation of a joint venture to develop oil fields, holding that the petitioner failed to establish a prima facie case showing that minimum contacts existed for the court to exercise jurisdiction over the Russian company (First National Petroleum Corporation v. OAO Tyumenneftegaz, No. 19-97, S.D. Texas, 2020 U.S. Dist. LEXIS 42864)....